Brussels, 09/10/2012 (Agence Europe) - The EU27 finance ministers meeting in Luxembourg on Tuesday 9 October found that 11 Member States want to go ahead with a financial transactions tax (FTT) using “enhanced cooperation” based on the draft directive unveiled by the European Commission in September 2011 (viz. a 0.1% tax on bond and share sales and 0.01% on derivatives, due to come into force on 1 January 2014 according to the Commission's plans).
Italy, Spain, Estonia and Slovakia have...